Moody’s Investors Service downgraded its outlook for eight Chinese banks from stable to negative. This comes a day after he downgraded China’s credit rating. The rating agency also downgraded Hong Kong’s outlook from stable to negative, citing its ties to mainland China. Moody’s has downgraded its outlook on 22 Chinese local government financing vehicles. A … Read more
After 18 months of walking, the federation Interest rates may begin to drop in 2024, experts say, so it’s important to use financial products that take advantage of higher interest rates while you can. “A lot of people leave behind free money when they walk the streets,” said Stacey Francis, president and CEO of Francis … Read more
“It puts something like Vinfant. [Vietnam] “Even though there are capital controls, I think that’s the main formal obstacle for companies, they can do IPOs,” said Johan Annel, a Beijing-based partner at ARC Group, on the map. Firms that have been vetting potential IPO clients for years have been talking to many companies in and … Read more
Former United States President Donald Trump returns from leave to appear on civil fraud charges in New York Supreme Court on November 6, 2023 in New York City. Adam Gray | AFP | Getty Images The financial watchdog overseeing the Trump Organization told a New York judge on Wednesday it needed a previously undisclosed $40 … Read more
Amazon (AMZN), the nation’s largest shipping company, is predicted to expand its club name. The holiday online shopping season is off to a strong start this year, giving us another reason to be confident in the company’s retail business. Amazon has surpassed United Parcel Service (UPS) for the first time in 2022, shipping 5.2 billion … Read more
3 minutes of reading Small Business Advice: Lark Street Music in Teaneck NJ Buzzy Levine, owner of Lark Street Music Shop, offers advice to local businesses. Miguel Fernandez and Paul Wood Jr., NorthJersey.com Are business owners more optimistic about New Jersey’s economy this year? There were many in the much-anticipated annual survey released Monday by … Read more
An hour ago The OPEC+ oil group is set to hold a virtual meeting on November 30. The Opec logo on a smartphone shows OPEC in the background, in this photo example. On September 10, 2023 in Brussels, Belgium. (Photo illustration by Jonathan Rae/NurPhoto via Getty Images) Nurphoto Nurphoto Getty Images The influential oil group, … Read more
Black Friday is an example of the beginning of the holiday shopping season. According to data from the National Retail Federation, 130.7 million people plan to shop on Black Friday this year. But between Black Friday and Cyber Monday is Small Business Saturday — an opportunity for shoppers to support their local communities and check … Read more
Microsoft CEO Satya Nadella speaking to CNBC on November 15, 2023. CNBC Microsoft is not a domestic market focused on China, even though the company has Chinese customers operating outside the world’s second most populous country, CEO Satya Nadella said on Wednesday. “A lot of our focus is on former China,” Nadella told CNBC’s John … Read more
U.S. stocks rose more than 5% after October CPI data showed inflation rose at a faster-than-expected pace. I like to use the iShares Russell 2000 ETF (IWM), which seeks to track the investment performance of the Russell 2000 index by measuring the performance of the small-cap sector of the US equity market. The trailing index … Read more